Wednesday, January 6, 2021

Innovation & Influence

Every board is unique, with its own strength and focus. A distinctive board can stand out as the mastermind behind digitalization and lead innovation effortlessly.

Modern corporate boards play significant roles in guiding businesses in the right direction and achieve expected business results. Due to the “VUCA” characteristics -Complexity, Uncertainty, Ambiguity, and Velocity of the Digital Era, the directorship in any organization must have the agility to adapt to changes and build abilities to advise, inspire and motivate a group of people toward accomplishing shared visions and goals. 

The main purpose of the book “Digitizing Boardrooms -The Multifaceted Aspects of Digital Ready Board” is to envision the future of directorship with twenty-three digital boardroom themes; oversee business strategies with digital fluidity, digital mindset, and contextual intelligence and rejuvenate boardrooms via participating in both innovation management and management innovation.


Innovation & Influence


Innovative There are different types of boards around, some Boards are "working Boards" and have to provide hands-on advice, information, and oversight; other Boards have a more strategic purpose in advising the corporate oversight. Many Boards are often stuck with a view of the rear mirror mindset, looking at the past quarter results, supervising the audit, and reviewing a budget of the coming months. Does the Board overall spend enough time on planning for the future -that means dealing with innovation choices?.

Influential People tend to make leadership very complex, but in its most simple form, leadership is an influence. With rapid changes and exponential growth of information, the command control style of management is gradually losing its steam. Digital leadership needs to be highly intelligent and influential, to lead through influence, not brute force. The corporate board as one of the top leadership pillars must influence and exemplify progressive leadership and help to shape an ultra-modern digital organization effortlessly.

Unconventional A digital paradigm is an emerging business ecosystem of principles, policies, and practices that set boundaries to frame the smooth business transformation with the focus. The board provides an “outside-in” view to the business management by overseeing the strategy and monitoring performance management. It should also offer guidance for creative problem-solving and steering the business in the right direction by practicing digital philosophy and principles.

Interdisciplinary We live in a world in which change is the norm and if we don't embrace it, accept it, roll with it, or make it happen, we're not going to be successful. The digital enterprises with hyper-connected and interdependent nature are breaking down the functional, geographical, or even organizational border, in fact, businesses today become much more nonlinear, interactive and intelligent than ever.

The purpose of the governing body, or board of directors, is to direct the organization in the right direction and monitor its performance. Corporate governance is to challenge the management and make sure that management is doing its job properly. In a world of well-defined problems, directors are required to exercise leadership influence over volatility, manage uncertainty, simplify complexity, resolve ambiguity all the time. Every board is unique, with its own strength and focus. A distinctive board can stand out as the mastermind behind digitalization and lead innovation effortlessly.

The “Future of CIO” Blog has reached 3 million page views with 7300+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify your voice, deepen your digital footprints, and match your way for human progression.


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